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The Lemonade Stand.

Thirsty? Then visit the Lemonade Stand at www.littlejason.com/lemonade. At this site, you will find the famous Web edition of the popular board game Lemonade Stand. Using the game, students learn about supply and demand, as well as how to manipulate production on the basis of geography, weather forecasts, advertising, and overhead, including such fixed costs as rent and the cost of ingredients. Students select a city and use their life savings of $5 to decide how much to advertise, how much lemonade to make, and how much to charge per glass. Once they have completed the form provided for these decisions, they receive instant feedback on how successful they were. Students have twenty-five days to make as much money as they can. The site also includes a high-score page and definitions of vocabulary used.

Teachers can integrate this Web site into an activity using a spreadsheet by having students keep a journal of their data, including--

1. keeping track of how much they earned each day,

2. comparing earnings with the daily temperature,

3. keeping track of the forecasted and actual weather, and

4. using a graph function to compare success in different cities or for different students.

You know the old saying: "When life gives you lemons, make lemonade!"

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Author:Irvine, Sarah
Publication:Teaching Children Mathematics
Article Type:Brief Article
Geographic Code:1USA
Date:Nov 1, 2000
Words:213
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